Philippines Prepaid Cards Business and Investment Opportunities – Market Size and Forecast (2011-2020), Targeting Strategies, Analysis of Business Trends, Consumer Attitude & Behaviour, Retail Spend, Market Risk, Competitive Landscape and Market Innovatio

Philippines Prepaid Cards Business and Investment Opportunities – Market Size and Forecast (2011-2020), Targeting Strategies, Analysis of Business Trends, Consumer Attitude & Behaviour, Retail Spend, Market Risk, Competitive Landscape and Market Innovation

Report Description

The Philippine’s large unbanked population, high demand for electronic payment services, strict credit card application requirements, and high remittances from Filipinos working overseas have helped the country record a healthy growth in prepaid cards. Prepaid cards registered a strong CAGR of 30.5% in Gross Dollar Value (GDV) during the review period of 2011 to 2015, to reach USD 12,815.9 million in 2015.

This report from PayNXT360 provides a strategic analysis of prepaid (pay before) cards, offering a wealth of insights to help companies understand this growing but quickly changing market:

Market dynamics: Provides a comprehensive view on size and structure, industry dynamics, market trends, consumer attitude and behaviour, and competitive landscape in prepaid card industry.

Innovation and market strategies: Explores prepaid card strategies, including innovations across categories, competitive positioning, and new product launches.

Open loop and closed loop: Provides market estimates and forecasts to assess opportunities in open loop and closed loop prepaid market segments. Details four essential KPIs – number of cards in circulation, number of transactions, load value, and value of transactions.

Open loop prepaid card categories: Identifies potential risks, consumer adoption, and market size across 13 market segments in open loop prepaid cards for the period 2011-2020. These include gift, business & administrative expense, payroll, meal, healthcare and wellness card, consumer incentive, employee / partner incentive, travel forex, general purpose, remittance, teen and campus, social security and other government benefit programs, insurance claims.

Closed loop prepaid card categories: Identifies potential risks, consumer adoption, and market size across 10 market segments in closed loop prepaid cards for the period 2011-2020. These include gift, meal, healthcare and wellness, consumer incentives, employee / partner incentives, entertainment and gaming, teen and campus, social security and other government benefit programs, transit and tolls, and fuel, utilities, and others.

Prepaid card market share analysis: Details market share by key issuers and processors and understand the competitive landscape .

Benchmarking and risk index: Benchmarks the prepaid card industry in the country with key global markets along with risk assessment through PayNXT360’s proprietary Prepaid Cards Industry Risk Index (PCIRI).

Consumer attitude and behaviour: Drawing from proprietary survey results, this report identifies and interprets key prepaid KPIs, including spend by age, gender, and income level. In addition, it provides an overview of how consumers are currently using prepaid cards across five key categories – travel, bill payment, retail spend, cash withdrawal, and P2P transfers. It also provides a breakdown by transaction size.

Retail spend: Breaks down retail spend across 11 categories to provide detailed insights on consumer behaviour and changing dynamics of prepaid card spend.

Report Scope

Market data and insights: It details market opportunities across 75+ market segments in prepaid cards and identifies potential risks. Market estimates and forecasts (2011-2020) assess overall prepaid card industry on four essential KPIs – number of cards in circulation, number of transactions, load value, and value of transactions.

Prepaid card market share analysis: Market share by key issuers and processors and understand the competitive landscape .

Consumer segments: Retail (banked and unbanked / underbanked), corporate (small scale, mid-size, and enterprise), and government / public sector

Consumer spend segments: Age, income, and gender

Retail spend categories: Food and grocery, health & beauty, apparel and footwear, books / music / video, consumer electronics, pharmacy and wellness, gas station, restaurants & bars, toys, kids & babies, media and entertainment, services

Prepaid segments by card function: Closed loop and open loop segments

Prepaid card categories: Drawing from proprietary survey results, this report provides in-depth analysis of opportunities in both open loop and closed loop prepaid card categories.

Gift card: Market size and forecast by functional attribute (open loop and closed loop) and by consumer segments (retail, small scale business, mid-size business, and enterprise business). Also, breaks down the market size by consumer behavior, covering gifting occasion, card type (paper, plastic, digital), and market share by retail categories.

Business & administrative expense card: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).

Payroll card: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).

Meal card: Market size and forecast by functional attribute (open loop and closed loop) and by consumer segments (government, small scale business, mid-size business, and enterprise business).

Healthcare and wellness card: Market size and forecast by functional attribute (open loop and closed loop) and by consumer segments (retail consumer and corporate consumer).

Consumer incentive card: Market size and forecast at category level and by functional attribute (open loop and closed loop).

Employee / partner incentive card: Market size and forecast at category level and by functional attribute (open loop and closed loop).

Travel forex card: Market size and forecast by functional attribute (open loop and closed loop) and by consumer segments (retail, government, small scale business, mid-size business, and enterprise business).

General purpose card: Market size and forecast at category level and by consumer segments (banked and underbanked / unbanked).

Remittance card: Market size and forecast at category level.

Teen and campus card: Market size and forecast at category level and by functional attribute (open loop and closed loop).

Social security and other government benefit program cards: Market size and forecast by functional attribute (open loop and closed loop).

Insurance claim card: Market size and forecast at category level.

Entertainment and gaming card: Market size and forecast at category level.

Transit and toll card: Market size and forecast at category level.

Fuel, utilities, and other cards: Market size and forecast at category level.

Reason to Buy

In-depth understanding of prepaid card market dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 75+ market segments and sub-segments of prepaid cards.

Prepaid card market share analysis: Get top level view of market share by key issuers and processors and understand the competitive landscape .

Develop market specific strategies: Identify growth segments and target specific opportunities to formulate your prepaid cards strategy; assess market specific key trends, drivers and risks in prepaid cards industry.

Get insights into consumer attitude and behaviour: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through prepaid cards.

Establish market attractiveness: Gain insights into market attractiveness relative to other global markets through PayNXT360’s proprietary Prepaid Cards Industry Attractiveness and Risk Index.

Explore innovation and competitive strategy: Understand the competitive landscape, major players, and prepaid card market innovation.